Fringe Benefits That May Affect Your Payroll Reporting and Tax Withholding

To Our Business Clients:

Attached for your convenience is a summary of the tax treatment of certain fringe benefits for payroll tax and income tax reporting purposes, plus detailed information regarding company automobiles and health and accident insurance premiums for S corporations.

If any of these items apply to your company, please provide the attached summary to the person responsible for overseeing your payroll tax operations.  Please don’t hesitate to contact us if you have any questions.

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